Citizens & Northern Corp Cuts Stock Position in Meta Platforms, Inc. $META

Citizens & Northern Corp lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,787 shares of the social networking company's stock after selling 1,194 shares during the period. Meta Platforms makes up about 1.1% of Citizens & Northern Corp's portfolio, making the stock its 19th biggest holding. Citizens & Northern Corp's holdings in Meta Platforms were worth $4,950,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after acquiring an additional 875 shares during the last quarter. Headwater Capital Co Ltd increased its holdings in shares of Meta Platforms by 294.7% during the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after acquiring an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of Meta Platforms during the second quarter valued at about $213,000. Finally, Capital & Planning LLC purchased a new position in shares of Meta Platforms in the 2nd quarter valued at approximately $322,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms News Summary

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta launched Pocket in the U.S., an AI-powered app that lets users create and share interactive games through text prompts. The product could increase engagement and expand Meta’s consumer AI ecosystem. Meta brings Pocket to U.S. users
• Positive Sentiment: Meta introduced a Mac app for Meta AI with system-wide dictation and screen-aware assistance. The company is also pricing its new Muse Code coding agent below Anthropic and OpenAI offerings, potentially helping it attract developers and build AI adoption. Meta AI launches Mac app
• Positive Sentiment: Meta’s core advertising business remains strong, with quarterly revenue rising 28% year over year to $60.8 billion. AI-related improvements to recommendations and ad delivery are supporting engagement, clicks and conversion efficiency. Meta drawdown analysis
• Neutral Sentiment: Meta is contesting the Federal Trade Commission’s effort to revive monopoly charges. The company argues that Facebook and Instagram users increasingly see recommended content rather than posts from friends, a defense that could influence the case’s regulatory implications. Meta fights FTC monopoly charges
• Neutral Sentiment: Meta’s CTO Andrew Bosworth, CFO Susan Li and insider Curtis Mahoney sold shares worth roughly $10.3 million in aggregate under pre-arranged Rule 10b5-1 plans. The transactions are limited as discretionary signals but may still affect investor sentiment. Meta insider transaction filing
• Negative Sentiment: Child-safety and social-media addiction litigation is intensifying. Testimony alleging that some safety tools were “designed to fail” raises the possibility of major damages, mandated product changes, restrictions on engagement features and pressure on advertising monetization. Meta social media lawsuit trial
• Negative Sentiment: Investors remain concerned that heavier AI capital spending will depress second-half free cash flow and increase financial pressure. Those concerns follow Meta’s quarterly EPS miss, despite its revenue beat, and have contributed to the stock’s year-to-date weakness. Meta stock investment analysis

Meta Platforms Stock Up 0.7%

META opened at $549.90 on Friday. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $790.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The company has a fifty day moving average of $593.51 and a two-hundred day moving average of $615.41. The stock has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 20.71, a PEG ratio of 0.93 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.19 by ($1.01). The business had revenue of $60.80 billion for the quarter, compared to analysts' expectations of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The company's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the business earned $7.14 EPS. On average, research analysts expect that Meta Platforms, Inc. will post 28.5 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms's payout ratio is currently 7.91%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. KeyCorp lowered their target price on shares of Meta Platforms from $790.00 to $780.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Raymond James Financial upped their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 21st. Guggenheim reaffirmed a "buy" rating and issued a $800.00 price target on shares of Meta Platforms in a report on Tuesday, July 28th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $725.00 price objective (down from $825.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Finally, Bank of America dropped their price objective on shares of Meta Platforms from $835.00 to $810.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and a consensus target price of $785.32.

Insider Buying and Selling at Meta Platforms

In related news, Director Robert M. Kimmitt sold 500 shares of Meta Platforms stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $561.56, for a total value of $280,780.00. Following the sale, the director directly owned 2,943 shares in the company, valued at approximately $1,652,671.08. The trade was a 14.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total value of $4,379,184.00. Following the sale, the chief technology officer owned 828 shares of the company's stock, valued at approximately $462,024. This trade represents a 90.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 38,502 shares of company stock valued at $22,603,485. Corporate insiders own 13.53% of the company's stock.

Meta Platforms Profile

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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